Safran (OTCMKTS:SAFRY) Hits New 12-Month High – Here’s Why

Safran SA (OTCMKTS:SAFRY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $62.85 and last traded at $62.81, with a volume of 93645 shares traded. The stock had previously closed at $62.11.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of Safran from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 16th.

Safran Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. The stock has a 50 day simple moving average of $57.40 and a 200 day simple moving average of $56.51.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.